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e e (a) La Porte Area Water Authority Revenue Fund (the "Revenue Fund")~ (b) La Porte Area Water Authority Bond Fund (the II Bond Fund II ) ~ (c) La Porte. Area.....Wa ter Authority Reserve Fund (the. IIReserve Fundll); (d) La Porte Area Water Authority Rebate Fund (the II Rebate Fund")~ (e) La Porte Area Water Authority Contingency Fund (the "Contingency Fund"); and ( f) La Porte Area Water Authority Construction Fund (the IIConstruction Fund") . 7.02. Revenue Fund. All Revenues of every nature received shall be deposited from day to day as collected into the Revenue Fund, and'al1 Operating and'Maintenance Expenses sl)a1l be paid from the Revenue Fund upon approval by the Board. The Revenues not actually required to pay Operating and Maintenance Expenses shall be deposited from the Revenue Fund into the other Funds provided for by this Resolution, in the manner and amounts hereinafter provided, and each of such funds sha11~have priority as to' such . deposits in the order in which they are treated in the following sections. 7~03. Bond Fund. There shall be deposited into the Bond Fund: (a) (i) On o~ be~ore each interest payment date occurring prior to the first sale of water to the Participants under the Water Sales Contracts (the "Sale of Water") an amount equal to such interest payment due on the Bonds, (ii) on or before the 25th. day. of each month occurring after the Sale of Water but prior to the first interest payment date to occur after the Sale of Water, an " ..~ount .whi~h .,is. ..~ot-.1ess t~an ~ fraction of the .. " next .ipt~.re.s~. pay~~__nt due on t'he Bonds, such .._ ;.',,::.. ~./~r~ct~~n~ .to:.~fi:V~7 :a~'n~~e.r.a:.~o'?= of pne --and a de!lomi- ". .. ...... . nator equal..tcr the' mIinber o'f monthly deposits to be made pursuant to this Section 7.03(a) (ii), and (iii) on or before the 25th day of each month thereafter, an amount which is not less than 022DESAO/024C05 -19-